The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s...The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits,minimize unnecessary costs,and provide decision-makers with a robust financial foundation.Additionally,implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages.Developing a practical and feasible fundraising plan,along with stringent fund management practices,can prevent fund wastage and optimize fund utilization efficiency.These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.展开更多
Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this...Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this paper is to identify the most significant risk factors affecting highway construction project in Egypt to decrease the likelihood and impact of those risks. The research method starts with extensive literature review to provide a prime risk factors list which was also augmented to expertise to reach final risk factor list which contains all risks that may be faced during highway construction. Subsequently, a set of 12 risk groups consisting of 73 risks was selected and a questionnaire survey was conducted to determine the likelihood and consequences of the identified risks. Later, a software application was developed using MATLAB to facilitate risk evaluation of highways projects. Results indicated that the risk factors arise from owner side is one of the most common risk factors in the construction industry in Egypt as the owner in the majority of construction project in Egypt is the governmental sector, however, the overall project risk of highway construction projects in Egypt is considered as at a medium level.展开更多
文摘The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits,minimize unnecessary costs,and provide decision-makers with a robust financial foundation.Additionally,implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages.Developing a practical and feasible fundraising plan,along with stringent fund management practices,can prevent fund wastage and optimize fund utilization efficiency.These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.
文摘Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this paper is to identify the most significant risk factors affecting highway construction project in Egypt to decrease the likelihood and impact of those risks. The research method starts with extensive literature review to provide a prime risk factors list which was also augmented to expertise to reach final risk factor list which contains all risks that may be faced during highway construction. Subsequently, a set of 12 risk groups consisting of 73 risks was selected and a questionnaire survey was conducted to determine the likelihood and consequences of the identified risks. Later, a software application was developed using MATLAB to facilitate risk evaluation of highways projects. Results indicated that the risk factors arise from owner side is one of the most common risk factors in the construction industry in Egypt as the owner in the majority of construction project in Egypt is the governmental sector, however, the overall project risk of highway construction projects in Egypt is considered as at a medium level.
